In an attempt to deport Vijay Mallya, India had filed an application seeking a Red Corner Notice against him. The Interpol, on Saturday, completed an initial review of the application and decided that there is no case to issue right now, media reports say.

As India has failed to prove Mallya's 'criminal offences' and there are no valid evidences against him, the Interpol decided not to issue RCN right now, said a CNBC TV18 report.

According to the report, the Interpol may a send notice to Mallya seeking his views on Indian government's request to issue RCN. The review process is likely to take two to three months.

In May, the Enforcement Directorate asked the Interpol to issue a RCN against him even as it was working to attach Mallya's Indian assets under the criminal sections of the Prevention of Money Laundering Act (PMLA).

The media report mentioned that the investigative agencies may find it difficult for the ED to issue a RCN because Mallya can file an appeal with the Interpol against the notice.

Earlier, UK had told India that an invalid passport is not reason enough for the country to deport anyone. This makes it difficult for banks to recover their dues of over Rs 9,000 crore and for authorities to try him. But, India and UK have an extradition treaty signed between them.

Despite the treaty, Mallya can challenge UK court if an extradition order is issued.

In May, ED was expected to make a fresh request for Mallya's extradition under the India-UK Mutual Legal Assistance Treaty (MLAT) in connection with its money laundering probe against the liquor baron in an alleged bank loan fraud case.